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Search Results 0 to 5 of about 6 (some duplicates have been removed)
revenue and the deficit is the difference between what the government takes in and what it spends. many people confuse it with the debt which is what the government borrows to cover the deficit. an economic stock could be right around the corner. more on that coming up. and forget the fish that saved pittsburgh. we're going to tell you about the hockey arena that could save detroit. that and more as "real money" continues. >> the strength of the u.s. economy but the over all picture remains cloudy in part because of the weather. the biggest news was the revision to gross domestic product for the final three months of 2013. we'll learn more about that in a moment. but first, the contracts to buy homes edged up but less than economists expected, and is near a two-year low. as we reported the housing market has been hurt by this year's severe winter. we also learned that consumer sentiment rose slightly in february despite frigid temperatures and weak job growth in december and january. let's now talk about gdp. we learned that gdp slowed more than first thought after an impressive 4.1% ga
they did not vote on the total budget, deficit or surplus if there was one. this is to get them to vote for a budget resolution one place, one time and then run for election on your vote. that stopped. they didn't want to vote for this, and there is no penalty for not voting in it. and then congress doesn't feel they have any obligation to pass one of its own. the process needs to be completely redone. it's not shown that anyone has the testicular fortitude to do it. >> the debt limit is not the place to be having a discussion wherof how you spend your money. this is interesting to me that conservative members of congress are having their cake and eating it, but at the same time not able to prioritize spending the way they would actually like. >> well, let's remember that the conservative members like liberal members can't make decisions unilaterally. i'm sure if the conservatives had the power with the hype see. they probably have trouble getting the support with the reading of the lord's prayer these days. but when it comes to taxes and budget and taxes debt, it's difficult because th
, runaway deficits, political instability, i think argentina and venezuela are headed to a chaotic political environment that is going to affect brazil and chile. as a geopolitical matter, the united states and it's relationships with south america are at risk. the oil problem is a big one. if venezuela should really go essentially belly up, that is going to--that could raise oil prices for a while to $5 to $10 a barrel. >> first of all, brazil one of the countries we've talked about for several years now as being on an economic growth terror, that's not the case. it's growth has slowed and it will grow a little less or about the same as the united states in 2014. it will start to have an impact on the world. there is a real domino affect if latin america becomes a problem. what is the effect to the rest of us? >> it's probably pretty contained. i think argentina, the reason why we're concerned about brazil is we think argentina is really going to go down. in its economy, and in its politics. and argentina buys a lot from brazil and chile, so both of those countries are going to suffer in th
Search Results 0 to 5 of about 6 (some duplicates have been removed)